Current Affairs - Finance - Discussion

RBL Bank has collaborated with Indian Oil Corporation to introduce the 'Xtra Credit Card.' This partnership aims to moderate the growth of RBL Bank's credit card portfolio and enhance customer engagement. The new credit card is part of RBL Bank's strategy to achieve a 15% increase in credit card outstanding while addressing regulatory concerns over the unsecured credit segment. The collaboration with Indian Oil reflects a focus on leveraging co-branded partnerships to boost market presence and customer value.